Delaware receives triple-A-ratings once more

The country's three major bond-rating agencies have once again awarded Delaware a triple A-rating for its fiscal management practices.

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By Staff Reports

Hockessin Community News

By Staff Reports

Posted Feb. 13, 2013 at 9:58 AM
Updated Feb 13, 2013 at 10:42 AM

By Staff Reports

Posted Feb. 13, 2013 at 9:58 AM
Updated Feb 13, 2013 at 10:42 AM

Wilmington, Del.

The country's three major bond-rating agencies have once again awarded Delaware a triple A-rating for its fiscal management practices.

The ratings have been received in conjunction with the state’s proposed issuance of $340 million of its general obligation bonds. Of the total bonds, $225 million represents new money for capital projects, primarily school construction projects, while more than $115 million will refinance existing higher priced debt.

“Having another triple-A bond rating keep the state’s interest rates lower, saving even more money for Delaware,” secretary of finance Tom Cook said. Of the bonds being sold, $115 million will be available to retail investors.

Retail bonds will be available from the following brokers until Feb. 19: